Abdulwahid Aboo. FCPA, FCCA, FCPS, CPAR and CPAU

INTRODUCTION

AAC Kenya is an independent Accountancy and Audit Practice, providing a myriad of services on all aspects of the profession. It was formed in 1980; Abdulwahid Aboo & Company had humble beginnings. In October, 2009, the company under the name AAC Kenya acquired two partners; Saima Mohamed Amin Bagha and Zulfiquarali S Aboo; both ACCA qualified and members of the institute.

Our mission is to provide superior professional, cost effective services wherever and whenever needed fully to their clients while optimizing the potential of their staff and their vision to be one of the top accountancy firm in Eastern Africa while uploading our quality and professionalism standards. Being aware of the importance of implementation to the success of an assignment, we provide continuing support through secondments and follow-up visits, in such areas as systems development and staff training.

MISSION

Our mission is to provide superior professional, cost-effective services wherever and whenever needed fully to our clients while optimizing the potential of our staff.

VISION

To be one of the top accountancy firms in Eastern Africa while upholding our quality and professionalism

Our Office Network

The firm is headquartered in Mombasa, Kenya, with a total staff force of around 40, with branches in Nairobi, Malindi and Lamu

How We Work

1. We discuss client needs and objectives with the management free of charge and without any obligation on part of management. We prepare a comprehensive proposal which specifies the work to be undertaken, the qualifications and experience our team and the budgeted cost of undertaking the assignment.

2. We break-down our work into well defined and manageable stages. This ensures that client management can monitor our progress and control the cost effectiveness of our work throughout the assignment.

3. We are aware of the importance of implementation to the success of any assignment. We provide continuing support through secondments and follow-up visits, in such areas as systems development and staff training.

Structure

We have structured our practice to provide our clients with the most efficient services and to achieve the most effective results. With branches in Mombasa, Malindi, Nairobi, and Lamu ,we manage to provide timely and effective services to our clients spread over a wide geographical area.

Our experienced professionals specialize in their respective areas. We also understand the importance of early completion of the audit and reporting requirements. Issue of management and internal control letters indicating any weaknesses noted in our clients internal control or accounting systems is done, and suggestions offered to improve operations where possible. Our services are designed to look after client interest position, business and protect their wealth.

Personnel

PARTNERS

Mr. Zulfiquarali Aboo . FCCA, CPA (K)

He completed ACCA in 2003 and became a CPA in 2004. He joined the firm in October 2003.as manager of our Malindi Office

Attained partnership in August 2009. He handles the tax authorities and is very well versed with tax matters also.

Mrs. Saima Amin Bagha. FCCA, CPA (K), CPS

She completed ACCA in 2001 and joined AAC Kenya and moved on to complete CPA and CPS. She started the AAC Kenya Nairobi branch in August 2005.

Later on in February 2008 got married and left for USA where she joined a Russell Bedford group firm in Houston also sat for the American CPA.

SENIOR CONSULTANT

Mr. Abdulwahid Aboo. FCCA, FCPA (K), FCS (K), ICPAR, ICPAU, NBAA

He was the founder of the firm. Retired in 2015 and now serves the firm in a consultancy capacity. He has been in the audit and tax consultancy field for more than 40 years. Has been a council member of ICAPK ( Institute of Certified Public Accountants of Kenya) for the last 10 years, and has served on various committees and board across East Africa. He is highly adaptable, motivated and conversant with International financial regulation changes and amendments.

Mrs. Shahida Elyas. FCCA, CPA (K)

She is the consulting manager for our Nairobi office; very versatile and highly professional. She can handle budgets very well. Joined the firm in September 2003 as an audit junior and has proven to be able to work under pressure.

Mrs. Rizwana Kadernani. ACCA, CPA (K), ICPAR, BSc IT

Audit Manager at the Mombasa office, she joined us in June 2009. She handles external audits and supervises the work of juniors and administration of the junior and senior staff.

Mrs. Sophyline Makau. CPA (K) , B Com (Ongoing)

Started as an audit senior at Abdulwahid Aboo & Company and now Audit Manager of the Nairobi branch at AAC Kenya. She has vast experience in the internal audit sector during her span of work time at Young Christian Association.

Mr. Luke Ebrahim Ayaga

Currently working at AAC Kenya as the Tax Manager, handling tax issues and queries, liaison with KRA, Training and interpretation of the VAT and Income Tax Act.

Mr. Nawaz Jin

Joined in 2009 as an Audit Manager at our Malindi branch offices. He is ACCA qualified. He has proven to be hardworking and diligent. He also liaises with KRA.

Expertise and experience, around the world

We joined Russell Bedford International in September 2005 and left in December 2015 to join SNG Africa and now IR Global. We specialize in helping companies meet the challenges that international business expansion presents. Since 1983, our worldwide network of accountancy firms has provided financial expertise and business consultancy to companies within many different markets and industries.

International Membership

Business without boundaries

The commercial expertise we offer is complemented by a thorough understanding of the local business environment. A process such as registering a new company may, for instance, be perfectly straightforward in one country, but complex and time consuming in another. This combination of the technical and the practical enables Russell Bedford International to help businesses move smoothly and successfully into the global marketplace.

With member firms operating all over the world, the service RBI offer is truly global. But there's more to it than geography. Our members are well-established with excellent reputations, and you can be confident of exceptionally high professional standards across the world. We are also well placed to arrange introductions to other professionals whose skills and resources are complementary, such as lawyers or bankers. It's one to one - and that's the difference.

Clientele

AAC Kenya’s client portfolio is wide and diverse and ranges from sole proprietors and partnerships to local industries like:

•EPZs - Soko (EPZ) Kenya Ltd;

•Transport- Motrex limited

•Hotels – Coral Key, Malindi;

•Clubs – Malindi Golf Club

•Manufacturing – Goshrani Printers Limited

•Insurance brokerage- Aboo Insurance Brokers Ltd

•Charitable Trusts and Foundations- Saviour Charitable Trust

We also have special ones like community institutions, NGOs, AID agencies, financial institutions, specific funds; including staff benefit schemes and schools. We also do presentations to Board of Trustees and Board of Governors on financial matters at the annual meetings. As for NGOs, which depend on a good amount on donor funding, we do give certain complementary services. As a contribution to humanity.

Publications

The business relationship that our firm has with its clients and the services we provide to them are a form of informing them about any new developments in their respective industries and also in the country’s economy. Apart from this, we also try and communicate as often as possible by publishing budget summaries and tax guides, and also holding seminars for their education and awareness.

Information Technology - Computerization

AAC Kenya also has resources to advise our clients on information technology matters regarding our business systems and operations. As all their accounting and audit work is done using computerized systems, high volume of work with relative accuracy is generated. AAC Kenya has over time also developed our own in-house excel templates for ease of financial statements generation.

FCPA Aboo’s Work Profile at a Glance

Abduwahid Aboo is Auditor and recently retired Partner of AAC Kenya; a firm affiliated to Russell Bedford International (UK). If truth be told, his accomplishments are quite simply countless and priceless. There are however , some very notable achievements, you must take in hand if you want to explore his remarkable life with some modicum of success.

He is presently a member of the International Federation of Accountants Committee for Small and Medium Enterprises (IFAC), former council member for the Institute of Certified Public Accountants of Kenya (ICPAK), member of the Institute of Certified Public Accountants of Rwanda (ICPAR), and of the National Board of Associated Accountants in Tanzania (NBAA) and also a member of the Institute of Certified Public Accountants of Uganda (ICPAU) , and is an FCCA being at present on the Global Forum (Committee) for Audit and Governance.

He was a member of National Council at the Institute of Certified Secretaries of Kenya (ICPSK) for 3 years. He was also Vice-Chairrman of Institute of Certified Public Accountants of Kenya (ICPAK), a regular member of the technical sub-committees, Chairman of the Coast Branch Committee of CPA for 2 years and Committee member for 11 years. Aboo has served as Chairman of the Coast Branch of ICPSK, an also ACCA Coast.

He has also had social work experience acting as Chairman of Mombasa Round Table No. 3, Association of Round table East Africa and NasserPuria Memon Jamat (a community of over 6000 members worldwide). He is currently a Trustee of the NasserPuria Memon jamat.

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He is the major Partner of the firm; has been in the audit and tax consultancy field for more than 30 years. Has been a council member of ICPAK (Institute of Certified Public Accountants of Kenya) for the last 3 years and is currently the Vice Chairman for ICPAK, and has served on various committees and boards across East Africa. He is highly adaptable, motivated and conversant with International financial regulation changes and amendments.

Mr. Abdulwahid Aboo started the firm as self employed under the name and style of Abdulwahid Aboo & Co. in February 1980. He worked in Price Waterhouse & Co. as an auditor in 1974 to 1978 and TSS  Group as Chief Accountant cum General Manager in 1978-1980.

In September 2009 when Abdulwahid Aboo and Company was rebranded to AAC Kenya He served as the Managing Partner for the new firm.

 In December 2015 he became Tax and Financial Consultant  for AAC Kenya and took over business of  Mombasa Company Secretaries as a Company Secretary. Mr. Aboo qualified  ACCA  in 1977 and Fellow in 1982, CPA (K)  in 1979  and awarded Fellow in 1996 , CPS (K) in 1989 and Fellow in 2002, ICPAR (Rwanda)  in 2008, ICPAU (Uganda) in 2012 and NBAA (Tanzania) in 2012.

Mr. Abdulwahid Aboo was awarded ACCA 2^nd position in Kenya for contribution to the profession  in 2009, FCPS awarded in 2003 and FCPA awarded in 1996.

Personal Details

 Birth Date: 5th January, 1954
 Married to: Nasimbanu on 26th January, 1976
 Children: 5 daughters and 1 son

Education

 Std. 7: Aga Khan Primary School 1965
 Form 4: Aga Khan High School 1969
 Form 6: Aga Khan Kenya Secondary School Msa 1971

Qualifications

 Computer Programming – COBOL 1972
 ACCA (Fellow in 1982) 1977
 FAAI (AIA-UK) 1979
 CPA (K) (Fellow in 1996) 1979
 CPS (K) ( Fellow in 2002) 1989
 CPA (Rwanda) 2008
 CPA (Uganda) 2012
 NBAA (Tanzania) 2012

Professional Experience

 Currently a Member of the Global Forum for Audit and Assurance of ACCA (UK)
 Currently a Member of the International Federation of Accountants Committee for Small and Medium Practitioners (IFAC/ SMP)
 Formerly Council Member for Institute of Certified Public Accountants of Kenya (ICPAK) for 14 years in total and also former Vice-Chairman 2010
 Member of Institute of Certified Public Accountants of Rwanda (ICPAR).
 Member of National Board of Associated Accountants in Tanzania (NBAA).
 Member of Institute of Certified Public Accountants of Uganda (ICPAU).
 KCB Computer Department Jan. 1972 – Mar. 1972 (Studied for ACCA at Mombasa Polytechnic June 1972 - Dec. 1974 And continued private studies later)
 Auditor with Price Waterhouse & Co. Msa/Nrb Dec. 1974 – June 1978
 Chief Accountant cum General Manager July 1978 – Jan. 1980 with TSS Group of Companies
 Self employed under the name and style of Feb. 1980 – Sept 2009 Abdulwahid Aboo & Co., Certified Public Accountants
 Managing Partner under the name and style of Oct. 2009- Dec 2015 AAC Kenya
 Sole Proprietor under the name and style of SNG Jan 2016 to Date
 Member of National Council in Institute of Certified Public Secretaries of Kenya (ICPSK) for 3 years
 Member of technical sub-committees regularly in ICPAK for last 36 Years.
 Chairman of Coast Branch Committee of CPA for 2 years and Member of Committee for 11 years.
 Chairman and committee member of the Coast Branch Committee of ICPSK many years.

Activities

 Active in Sports And Extra Curricular Activities during School Time and Football & Cricket after School (to 1987)

Social Experience

 Chairman – Memon Students Union 1970
 Chairman – Leo Club of Mombasa 1973
 Joined Mombasa Round Table No. 3 an International Service Organization 1976
 Various positions held for the following 30 years in the Round Table Movement

a) Chairman Msa Round Table No. 3 1985/86
b) Round Table E. A. Association Level
c) Regalia Officer & Storekeeper – Round Table No. 3 1982/83 and ARTEA Secretary
d) Chairman of Memon Debating Society 1982/83
e) Regalia Officer & Storekeeper – Round Table No.3 1983/84
f) Chairman of Memon Debating Society and Memon Sports Club 1983/84
g) ARTEA Secretary – Round Table 1985/86
h) ARTEATreasurer – Round Table 1987/88
i) ARTEA Vice Chairman – Round Table 1988/89
j) ARTEA Chairman 1989/90
k) Vice Chairman - Africa Region – Round Table 1990/91
l) Chairman – Africa Region and member of World Board 1991/92 (WOCO)
m) Retired from Round Table at age 40 as per its Constitution 1994
n) nominated as Hon. Life Member

 Treasurer – Mombasa Golf Club 1996/7/8
 Chairman – Nasserpuria Memon Jamat 1997/2001 (for over 6000 members worldwide)
 Project Coordination for 108 low and middle class 1998/2002 Dwellings (5 acre plot in Bamburi).
 Trustee – Nasserpuria Memon Jamat 2002-2007
 Treasurer Nyali Golf and Country Club 2002-2005
 Currently Trustee-Nassepuria Memon Jamat 2015-to date
 ICPAK Work
 Annual Seminar, Mombasa- I have been assisting in the sports activities, logistics, food control, golf game and council dinner arrangements all these years since 30 years.
 ICPAK Council- Very many services over the years and many, many seminars attended, chaired many sessions and done many presentation.
 ICPAK Complex Project- Am on the committee since 1st July 2014 and also task force member and have helped 'move' the project faster, in that, @ 43% June 2014 and @ 89% June 2015. I hope we finish in January 2016. There is work of refurbishing Block A and then Phase II still to do.
 SMP/IFAC- Representing ICPAH since January 2012 and my term ends December 2016. I have now introduced CPA Mike Mbaya as my Technical Assistant and hope he takes over from me next year end. 

Interests

 Travel (have been to 68 countries for Round Table or personal holiday) & Sports.
 I love to work for people in the name of God Almighty in giving back time, energy and money from the blessings from Him. Referee
 ACCA (Association of Chartered Certified Accountants)
 ICPSK (Institute of Certified Public Secretaries of Kenya)
 ICPAK (Institute of Certified Public Accountants of Kenya)

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